Business

Vietnam, Morocco bolster economic cooperation

The Vietnam-Morocco business forum was held in Hanoi on March 30 by the Vietnam Chamber of Commerce and Industry (VCCI), the Ministry of Industry and Trade and the Moroccan Embassy.
The Vietnam-Morocco business forum was held in Hanoi on March 30 bythe Vietnam Chamber of Commerce and Industry (VCCI), the Ministry ofIndustry and Trade and the Moroccan Embassy.

Moroccan businessdelegates at the event represented various fields including metallurgy,chemistry, information technology, telecommunications and pharmaceuticalmanufacturing.

In recent years, bilateral trade revenue hasgrown about 55 percent annually. In 2014, Morocco imported 147 millionUSD worth of goods from Vietnam including industrial equipment,printers, apparel, and consumer goods.

Mohamed Abbou, MinisterDelegate to the Minister of Industry, Trade, Investment and the DigitalEconomy of Morocco, said Vietnam will be a gateway for Moroccanenterprises to enter other Asian markets.

The African countrywill create favourable conditions for the two countries’ enterprises todevelop trade, investment and cooperation relations towards promotingtheir potential, Mohamed added.

Deputy Minister of Industryand Trade Tran Tuan Anh said Vietnam considers Morocco a significantpartner and the ministry will support enterprises to expand businessactivities.

A cooperation Memorandum of Understanding(MoU) was signed by the Morocco’s export promotion agency and theVietnam Trade Promotion Agency (Vietrade) at the event./.
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